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Watch values increasing, are they seen as “good investments” in the current financial turmoil?

  1. hotwheels

    hotwheels Mar 19, 2020

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    I have been watching the value of my modest watch collection increasing (Chrono24) in the past few weeks, do speculators view them as a safe investment?
     
  2. simonsays

    simonsays Mar 19, 2020

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    Compared to the current stocks and shares market they are guilt edged!
     
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  3. madjestikmoose

    madjestikmoose Mar 19, 2020

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    Depends on the watch. Comparatively few watches ever appreciate in value, and if they do, it’s usually over a long period of time.
     
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  4. Hoddspur

    Hoddspur Mar 19, 2020

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    In no way wishing to sound smug, according to Chrono24 (and I certainly appreciate it’s prices are not totally representative) my 2018 Ultraman is now worth 53% more than I paid for it. Would never let it go but it’s one in the eye to the “watches aren’t investments” naysayers brigade. Maybe some (but not all) watches might be viewed as the new safe havens after all?
     
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  5. madjestikmoose

    madjestikmoose Mar 19, 2020

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    With all due respect, like I said, it depends on the watch.
     
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  6. Hoddspur

    Hoddspur Mar 19, 2020

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    Yep, hence “some.”
     
  7. padders

    padders Mar 19, 2020

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    You can't price a watch realistically from the pipe dream asking prices on C24. You are deluding yourself if you try to do so. A better metric is ebay sold prices
     
  8. madjestikmoose

    madjestikmoose Mar 19, 2020

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    Absolutely. An item is only worth what somebody else is willing to pay for it.
     
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  9. Dan S

    Dan S Mar 19, 2020

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    Best joke of the week.
     
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  10. KingCrouchy

    KingCrouchy Mar 19, 2020

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    Drop one of your Watches and see how stable the "investment" is.
     
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  11. ejj

    ejj Mar 19, 2020

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    Sell it—then you know how much it is worth.
     
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  12. Dan S

    Dan S Mar 19, 2020

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    Well, stocks are on sale right now, watch prices haven't dropped yet. :cautious:
    [PLEASE NOTE: this is not investment advice, stocks are quite likely to drop more.]
     
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  13. Hoddspur

    Hoddspur Mar 19, 2020

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    Some sound financial advice being banded around on here tonight! ::bleh::
     
  14. hotwheels

    hotwheels Mar 19, 2020

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    Is there a record on eBay for sold prices? Also I thought Chrono24 based its estimates on watches sold through their site not listed prices?
     
  15. Larry S

    Larry S Color Commentator for the Hyperbole. Mar 19, 2020

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    Watches with rare exceptions, are NOT investments. If that is why you are in this game, stop. Watches can be bought for a price and sold for a price. Sometimes you come out ahead, sometimes you don't.
     
  16. jaguar11

    jaguar11 Mar 19, 2020

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    If the Chrono24 barometer is looking good then perhaps time to sell your modest collection?
     
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  17. tyrantlizardrex

    tyrantlizardrex C is NOT for "Lizard". Mar 19, 2020

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    It's not worth 53% more than you paid for it.

    Dealers on Chrono24 are asking for 53% more than you paid for it.

    It's worth what someone would put in your hand were you to offer it for sale.
     
  18. Dan S

    Dan S Mar 19, 2020

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    Yes, you can use the advanced eBay search feature to find sold items, at least within a recent time window. Unfortunately, it's no longer so easy to find accepted best-offer prices, since watchcount.com doesn't seem to work anymore.

    According to the Chrono24 website, they estimate the current market value of your watch based on listings. The information is right there.
    https://www.chrono24.com/info/valuation.htm#gref
    Screen Shot 2020-03-19 at 4.05.01 PM.png
     
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  19. hotwheels

    hotwheels Mar 19, 2020

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    I love my watches and have watched prices go up and down, not interested in selling unless I really had to but am interested what people’s views are in the current climate, as I know in normal conditions they are not bought as an investment unless your lucky enough to have rare models
     
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  20. Hoddspur

    Hoddspur Mar 19, 2020

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    Why is it when someone dares to utter that demonic word “investment” in the same breath as “watch” everybody jumps on their case? I bought an Ultraman; it’s turned out to be a “safe investment.” I won’t be selling it to anyone.
     
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